JPMorgan sees more Gulf companies linking up but no liquidity crunch
JPMorgan expects more consolidation among Gulf companies this year in sectors such as banking, real estate and hospitality, but it…
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UAE banks disclose Dh412 million exposure to Phoenix and associate firms
First Abu Dhabi Bank, on Wednesday disclosed to the Abu Dhabi Stock Exchange (ADX) that it has about Dh269 million…
Abu Dhabi per capita income substantially higher than its peers: Moody's
Abu Dhabi's per capita income is substantially higher than its sovereign peers including the GCC countries, according to Moody's Investors…
EBRD expects Turkey’s economy to bounce back by 6 per cent in 2021
Turkey’s GDP expected to fall by 3.5 per cent in 2020 because of coronavirus pandemic Rebound of 6.0 per cent…
Egypt’s growth to slow sharply in 2020 because of coronavirus pandemic
Egypt’s GDP growth falls to 0.5 per cent in 2020 due to coronavirus pandemic Economy seen avoiding contraction with 5.2…
Société Générale joins EBRD in financing Izmir metro
Turkey’s third-largest city raises funds for key infrastructure despite coronavirus pandemic Société Générale’s €25 million loan comes under EBRD’s A/B…
Willis Towers Watson appoints Head of Investments, EMEA
Willis Towers Watson today announces its appointment of Mark Calnan as Head of Investments for EMEA. Mark will report to…
Central Bank of Kuwait reports BoP surplus of KD 821.2 mln. in '19
The Central Bank of Kuwait said Monday the balance of payments (BoP) registered a surplus of KD 821.2 million (nearly…
UAE banks report exposure to commodities broker in liquidation
UAE banks have started reporting their exposure to the Dubai subsidiary of Phoenix Commodities, which recently filed for liquidation. …
Forensic auditor to review every transaction at Lebanon’s central bank
A forensic auditor is set to review every transaction at Lebanon’s central bank, according to Minister of the Economy Raoul…
Dubai watchdog fines two firms and three directors
The Dubai Financial Services Authority has given penalties to two investment firms and three individuals for failing to comply with…
COVID-19 relief: Dubai family-owned businesses want 50 per cent cuts on utility bills, VAT reduction
Business leaders of some of the biggest Dubai-based companies have requested customs duties should be cut by 50 per cent…